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Kathmandu Holdings Q1 Earnings Impacted by COVID Lockdowns

Kathmandu recently provided the following trading update: Same store sales (including online) for the 13 full weeks to 31 October 2021 were significantly impacted by ongoing Australasian COVID lockdowns, with Rip Curl -9.4% overall, +1.6% adjusted for COVID lockdowns and Kathmandu -17.6% overall, +16.3% adjusted for COVID lockdowns. While online sales have grown strongly at +33.8%, with Rip Curl +11.2% and Kathmandu +58.4%. As previously signalled, COVID lockdowns have significantly impacted Q1…